Taxing the Rich

[Cigar]

Warren Buffett joins push among wealthy to increase estate taxes
Billionaire investors Warren Buffett and George Soros are among those calling on Congress to increase the estate tax as lawmakers near a decision on tax policies that expire Dec. 31.

In a joint statement Tuesday, Buffett, Soros and more than 20 other wealthy individuals asked Congress to lower the estate tax's per-person exemption to $2 million from $5.12 million and raise the top rate to more than 45 percent from 35 percent.

An estate tax structured this way will “raise significant revenue to reduce the deficit and fund vital services, will only be paid by the top one percent of estates, will raise more from the wealthiest estates” and will simplify compliance, said the statement. It was also signed by John Bogle, founder of mutual fund company Vanguard Group and former President Jimmy Carter.

The renewed push for raising an estate tax faces significant opposition in Congress, where Senate Democrats including Max Baucus of Montana and Mark Pryor of Arkansas have joined Republicans to support the current estate tax parameters. That intra-party dispute caused Democrats to leave estate tax changes out of legislation they passed July 25 extending income tax cuts.


http://www.omaha.com/article/20121212/MONEY/712129938/1685#warren-buffett-joins-push-among-wealthy-to-increase-estate-taxes

[keymanjim]

https://www.youtube.com/watch?v=FC5Gkox-1QY

[Cigar]

http://sphotos-a.xx.fbcdn.net/hphotos-ash3/546793_10151174516661275_807982985_n.jpg

[keymanjim]

http://sphotos-a.xx.fbcdn.net/hphotos-ash3/546793_10151174516661275_807982985_n.jpg
He's dead now.
What does that tell you?

[patrickt]

Cigar, you are an ignorant nitwit. "Warren Buffett joins push among wealthy to increase estate taxes." Of course he does you fool. Check out his investments. You can do it with Google. It's high time you learned how. He owns numerous insurance companies. Guess what's exempt from inheritance taxes. If inheritance taxes go up, he sells more life insurance.

Liberals are such suckers. They assume everyone is as stupid as they are.

Subsidiaries

Company
Sector
Ownership %
Acquisition Date


GEICO (http://thepoliticalforums.com/wiki/GEICO)
Insurance and Finance
100%
1996-08-26 (August 26, 1996)


Applied Underwriters (http://thepoliticalforums.com/wiki/Applied_Underwriters)
Insurance and Finance
100%
2004-05-22 (May 22, 2004)


General Re (http://thepoliticalforums.com/wiki/General_Re)
Insurance and Finance
100%
1995-12-21 (December 21, 1995)


Kansas Bankers Surety Company (http://thepoliticalforums.com/wiki/Kansas_Bankers_Surety_Company)
Insurance and Finance
100%
1998-04-10 (April 10, 1998)


National Indemnity Company (http://thepoliticalforums.com/wiki/National_Indemnity_Company)
Insurance and Finance
100%
1967-03 (March, 1967) [3] (http://thepoliticalforums.com/#cite_note-3)


United States Liability Insurance Group (http://thepoliticalforums.com/w/index.php?title=United_States_Liability_Insurance_ Group&action=edit&redlink=1)
Insurance and Finance
100%
2000-08-08 [4] (http://thepoliticalforums.com/#cite_note-4)


Central States Indemnity Company (http://thepoliticalforums.com/wiki/Central_States_Indemnity_Company)
Insurance and Finance
100%
1982-10-20 (October 20, 1982)


Wesco Finan (http://thepoliticalforums.com/wiki/Wesco_Financial_Corporation)http (http://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway)
Insurance and Finance
100%
1978 [5]





://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathawaycial (http://thepoliticalforums.com/wiki/Wesco_Financial_Corporation)http://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway

[Cigar]

Guess what ... ?

It's going to happen and there's nothing you can do about it but Bitch!

[Chris]

Guess what ... ?

It's going to happen and there's nothing you can do about it but Bitch!


Wow, what a comeback! What a troll.

[patrickt]

Hey, maybe the bitch is getting a cut from Buffett. Maybe he gets a $6,000,000 life insurance policy for free. The bad news is that Barack Obama is the beneficiary.

[Peter1469]

Warren Buffett joins push among wealthy to increase estate taxes


Billionaire investors Warren Buffett and George Soros are among those calling on Congress to increase the estate tax as lawmakers near a decision on tax policies that expire Dec. 31.

In a joint statement Tuesday, Buffett, Soros and more than 20 other wealthy individuals asked Congress to lower the estate tax's per-person exemption to $2 million from $5.12 million and raise the top rate to more than 45 percent from 35 percent.

An estate tax structured this way will “raise significant revenue to reduce the deficit and fund vital services, will only be paid by the top one percent of estates, will raise more from the wealthiest estates” and will simplify compliance, said the statement. It was also signed by John Bogle, founder of mutual fund company Vanguard Group and former President Jimmy Carter.

The renewed push for raising an estate tax faces significant opposition in Congress, where Senate Democrats including Max Baucus of Montana and Mark Pryor of Arkansas have joined Republicans to support the current estate tax parameters. That intra-party dispute caused Democrats to leave estate tax changes out of legislation they passed July 25 extending income tax cuts.


http://www.omaha.com/article/20121212/MONEY/712129938/1685#warren-buffett-joins-push-among-wealthy-to-increase-estate-taxes

And this tax will kill a lot of family farms. http://www.adn.com/2012/12/12/2721770/estate-tax-drama-builds-on-edge.html

I bet we would also find that the major corporate factory farms are all for the estate tax.